Sun Capital's pre-pack deal to buy Alexon from administrators will "preserve over 2,700 jobs", says the buyer. That's good news. But unsecured creditors, owed £12m, don't yet know what they'll receive. Their ranks presumably include suppliers to Alexon who also employ people; some may be less able to do so if the payout is miserable. As ever with these pre-pack deals, the bad news dribbles out later.